Charities and Not-For-Profit Organisations
We provide a full range of services to charities and not for profit organisations including:
- Audit
- Independent Examination
- Accounts preparation in accordance with the current SORP and Charities Act
- Advising on internal controls, governance issues, strategic planning, and tax and VAT issues. If we consider we are unable to give direct advice we will refer you specialists in these areas
- Financial management and budgets
- Advising on the selection of the best suited accounting software followed by configuration, implementation and training. These include the use of Finance Co-ordinator, Sage and QuickBooks
- Gift Aid claims
- Advise on changes in legislation
Our portfolio includes clients in the following sectors:
- Religious establishments
- Education
- Community care, health and advice organisations
Audit/Independent Examination and Basis of Accounts Thresholds
The following thresholds are applicable to accounting periods commencing 1 April 2009
| Income | Less than £25,000 | £25,000 - £250,000 | £250,000 - £500,000 |
£250,000 - £500,000 |
Over £500,000 |
| Assets | N/a | N/a | Less than £3.26 million |
More than £3.26 million | N/a |
| Audit/Independent Examination | None required | Audit or Independent Examination | Audit or Independent Examination | Audit | Audit |
| Basis of Accounts Preparation | Receipts and Payments or Accruals | Receipts and Payments or Accruals |
Accruals | Accruals | Accruals |
The thresholds relating to earlier periods can be found on the Charity Commission website on the following link: -
http://www.charity-commission.gov.uk/investigations/sorp/sorpfront.asp
Next Step:
Please contact us if you need further advice, have any questions about our services, would like a free consultation or a fixed fee quote.
